Objectives: This study investigates the effects of charitable giving on the life satisfaction of older Korean adults, examining the moderating role of relationship satisfaction and social trust, as the indicators for social capital.
Methods: Nationally representative sample of individuals aged 65 to100 (N = 8,359) from the 2019 Social Survey was used for the analyses.
Results: The results from Coarsened Exact Matching and Structural Equation Modeling show that charitable giving positively affects older Korean adults' life satisfaction. Moreover, the results of moderation analyses suggest that the effects of charitable giving on life satisfaction are stronger for those with lower levels of relationship satisfaction and social trust.
Discussion: The results imply that social capital, such as relationship satisfaction or social trust, needs to be taken into consideration when exploring the effects of charitable giving in later life.
Keywords: Structural Equation Modeling; charitable giving; life satisfaction; relationship satisfaction; social trust.